> For the complete documentation index, see [llms.txt](https://docs.blockhorizon.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.blockhorizon.io/chart-tutorials/price-and-valuation/balanced-price.md).

# Balanced Price

Balanced Price is a per-coin valuation derived from Delta Cap by dividing it by the real circulating supply, giving a price level that blends realized and average-cap information.

$$
\text{Balanced Price} = \frac{\text{Delta Cap}}{\text{Real Supply}}
$$